06 Apr '12, 4pm

It’s Here! Solar, Renewable Grid Parity, or Better, in California’s Latest Renewable Power Auction

Yes, that’s right: grid parity is here, well here being California in this instance. The weighted average highest cost of solar and other renewable power contracts accepted by California utilities in the state’s Renewable Auction Market (RAM) auction amounted to 8.9 cents per kilowatt-hour (kWh) for 20-year power purchase contracts, the Vote Solar Initiative reported March 30. Though this doesn’t include transmission costs, $0.089/kWh is well below the average residential electricity cost of 15 cents per kWh in California in 2011, and that’s the weighted average highest cost of the accepted offers to the state’s electricity distributors. Reaching grid parity– where the cost of electricity generated from solar power equals that from conventional, longstanding grid sources such as natural gas and fossil fuel power plants– has long been held up as a major milestone, and pivot...

Full article: http://cleantechnica.com/2012/04/06/its-here-solar-renewa...

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@drgrist

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